JP Morgan Upgrades Cooper Companies: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan upgraded its rating of Cooper Companies (NASDAQ:COO) to Overweight with a new price target of $120.00, up from $100.00. Shares of Cooper Companies have risen 1.88% in the last 24 hours to $103.45. The upgrade reflects a potential 16.0% increase from the current price. Cooper Companies, a leading eye care company in the U.S., operates through two segments: CooperVision and CooperSurgical, with significant market shares in contact lenses and IUDs respectively.
March 13, 2024 | 5:00 pm
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JP Morgan upgraded Cooper Companies to Overweight with a price target of $120.00, indicating a potential 16.0% increase from the current share price of $103.45.
The upgrade by JP Morgan to an Overweight rating and the increase in price target to $120.00 from $100.00 directly impacts investor sentiment and could lead to a short-term increase in COO's stock price. Given the company's significant market share in the eye care sector and the positive momentum in its stock price following the upgrade, there is a high likelihood of a positive short-term impact on COO's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100